Uk's Diageo to Take Control of Chinese White Spirits Maker

Summary


MANAVIGATOR-March 2, 2010-UK's Diageo to take control of Chinese white spirits maker (C)2010 M2 COMMUNICATIONS http://www.m2.com

UK premium spirits producer Diageo (LON:DGE) said on Monday it will invest at least GBP624m (USD931.5m/EUR688.4m) to take control of Chinese spirits group Sichuan Shui Jing Fang, in a drive to expand into the white spirits.

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Extract


Uk's Diageo to Take Control of Chinese White Spirits Maker

Diageo said it has agreed to buy a further 4% into Sichua...

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